Celsius co-founders Shlomi Daniel Leon and Hanoch Goldstein have been ordered to pay over $6 million to settle charges from the U.S. Federal Trade Commission (FTC). The charges allege that they misled users about the safety of Celsius prior to its collapse. Goldstein faces a fine of $2.014 million, while Leon is fined $4.1 million.
The FTC accused Celsius of falsely claiming to have sufficient reserves, $750 million in insurance for deposits, and not issuing unsecured loans. This follows a previous settlement by former Celsius CEO Alex Mashinsky, who paid $10 million in April and was sentenced to 12 years in prison in May 2025 for fraud. Celsius filed for bankruptcy in July 2022, with $4.7 billion owed to users.
Celsius Co-founders Ordered to Pay Over $6M in FTC Settlement
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
